A survey has revealed the country with the most costly home.
The study by the estate agent firm Landcorp has revealed that New Zealand’s capital city of Auckland is the most pricey, with the average house priced at $1.7 million.
The average price of a detached house in the capital city was $1,076,000.
Auckland had the highest average price for a house of all the cities surveyed.
The other cities with the highest median house prices were Sydney and Melbourne.
A typical house in New Zealand had a value of $1 million or more, while an average home in Sydney had a price of $880,000 or more.
A median house in Sydney was valued at $811,000 while the average home was valued around $742,000 in Melbourne.
The report also revealed the average cost of a home in the Auckland suburbs of Auckland and Nelson was $2.9 million, which was lower than the average value of the homes surveyed.
Auckland’s median house price was $632,000, which is higher than the value of all Auckland suburbs, including Whangarei, Wairarapa and Christchurch.
The lowest median home price was in Nelson, where the average price was just $350,000 per home.
However, the average income in the city was about $65,000 compared to $53,000 for New Zealand average earners.
New Zealand has been ranked the most unaffordable country in the world in terms of affordability, according to the World Economic Forum.
According to the report, New Zealand is home to 2.1 million people, which means that the average New Zealander spends around $18,000 on their housing.
It also states that the proportion of people living in poverty in New York City was over 80 percent in 2015, which places New Zealand in the top 10 countries in the US, which ranked the country as the third most unaffordable.